San Diego Realtors Gave $50,000 to Pension Measure

The San Diego Association of Realtors IMPAC committee contributed $50,000 to last year's successful effort to qualify a ballot measure that would change the city's defined benefit retirement plan.

The measure, to be considered by voters this coming June, is backed by all three major Republican mayoral candidates, Carl DeMaio, Bonnie Dumanis, and Nathan Fletcher, and opposed by local labor unions.

It would shift future workers, except police recruits, into 401(k) savings accounts, among other changes.

According to its filing today with the California Secretary of State, the Realtors gave $25,000 to the Comprehensive Pension Reform for San Diego committee on July 8 and August 8.

In addition to those contributions, the group paid $5000 in dues to the Business Leadership Alliance of San Diego, which state records show was incorporated by ex-Cox Cable executive Bill Geppert on September 2 of last year.

The Realtors also made $6,000 in contributions to a "Salute to Republican Officials" held by the county Republican Party